Ryanair’s O’Leary warns jet fuel costs could stay high until 2028: report

Ryanair Chief Executive Michael O'Leary has issued a stark warning regarding the future of air travel prices, predicting that elevated jet fuel expenses will persist through at least 2028. According to a recent report by AeroTime, this forecast stems from ongoing challenges in securing affordable aviation fuel supplies across Europe. The situation necessitates airlines to maintain higher fares to offset these sustained operational costs. Several factors are contributing to the high cost of jet fuel, including geopolitical instability and limited supply options for European carriers. This prolonged period of expensive fuel is expected to significantly impact passenger affordability and airline profitability.